2014 Full-Year Results

2014 results in line with expectationsSales[1] up +4.7%[2]Trading operating margin[3] of 12.59% (-12 bps[2])Free cash-flow of €1.4 billion, excluding exceptional items2015 targetsOrganic growth in sales[1] of between +4% and +5%[2]Slight growth in trading operating margin[2]

[1] Net sales[2] Like-for-like: see pages 12 to 15 for details on calculation of financial indicators not defined in IFRS[3] See pages 12 to 15 for details on calculation of financial indicators not defined in IFRS

Danone & Mars, Incorporated, to be founding investors behind Livelihoods Fund for Family Farming, an innovative platform open to all companies

03/02/2015

New fund to invest 120 million euros in the next 10 years to implement projects in Africa,Asia and Latin America, helping more than 200,000 smallholder farmers and 2 millionpeople and boosting the sustainability of their crops.